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Neo Corporate Pcl (NEO) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of Neo Corporate Pcl THB 29.60, price THB 23.50, upside +26.0%, quality 29 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
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Consumer Defensive · TH

NC Thin data Sep 24, 2026

Neo Corporate Pcl

NEO · BK

SpeculativeUpside exists, but weak quality makes the signal speculative.

✓Fair value 29.60 THB · Undervalued (+26%)
!Quality 29/100
!Expensive Growth (revenue 5y +9.7 %/yr)
!Thin margins · 3.7% net margin (TTM)
!Low debt · negative free cash flow
·5.74% dividend yield
!Mixed vs. peers (7/13)
!Narrow moat 37/100
!Evidence only low, so the estimate is less certain

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

52.52 THB 15.25 THB Fair Value 29.60 THB Apr 2024 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

29‑month range 15.25 THB – 52.52 THB · fair‑value band 20.72 THB – 38.47 THB · the 23.50 THB price screens below the 29.60 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

Neo Corporate Public Company Limited, together with its subsidiary, engages in the manufacturing and distribution of consumer products in Thailand, Cambodia, Laos, Myanmar, and Vietnam.

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Neo Corporate Public Company Limited, together with its subsidiary, engages in the manufacturing and distribution of consumer products in Thailand, Cambodia, Laos, Myanmar, and Vietnam. The company offers deodorants, fragrances, and talcum powder; and deodorants, liquid soap, anti-hair loss shampoo and tonic, fragrances, hair care, talcum powder, and intimate wash. It also provides liquid detergent, fabric softener, dishwashing liquid, and fabric care; liquid and bar soap, body serum, and feminine wash; and floor cleaning, bathroom cleaning, and cleaning spray. In addition, the company offers baby liquid detergent, baby fabric softener, baby liquid soap, baby lotion, baby oil and talcum powder, bottle and nipple liquid cleanser and others, baby cottons, and baby wipes; and mild pet shampoo, silky pet shampoo, pet hair spray, pet wipes, toy and dish washer for pet, stain and odor remover spray, and floor cleaner for pet. It sells its products under Eversence, Tros, Fineline, D-nee, Vivite, BeNice, Smart, Tomi, and Lovli Tails brands. The company was formerly known as Neo Corporate Co., Ltd. and changed its name to Neo Corporate Public Company Limited in August 2023. Neo Corporate Public Company Limited was founded in 1989 and is headquartered in Bangkok, Thailand.

Stock analysis

Neo Corporate Pcl (NEO) currently trades at 23.50 THB, while our model-based Fair Value estimate is 29.60 THB, implying the stock looks roughly 20.6% undervalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of 31.83 THB per share, and 8 of the 16 models we run sit above the 23.50 THB price.

Bear case: the Economic Profit group reads lowest at 10.01 THB, and 8 of the 16 models stay below the price. Evidence for this calculation is low.

Scenario range: 20.72 THB (bear) to 38.47 THB (bull), the price of 23.50 THB sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 29/100 (below-average quality), in the Consumer Defensive sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Neo Corporate Pcl reported revenue of 10.7B THB in FY2025 versus 7.4B THB in FY2021, a compound +9.7%/yr. Reported net income was 562M THB in FY2025, compounding −6.0%/yr from FY2021.

Key figures

Market cap 7.1B THB (≈ $212M) · P/E ratio 17.5 · P/S ratio 0.92 · EPS (TTM) 1.34 THB · Dividend yield 5.7% · Net margin 5.2% · Return on equity 7.7% · Return on assets (EBIT) 12.3%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).

What moves the price

The share trades about 4% below its 52-week high and 54% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Consumer Defensive peers we cover trades at −25% fair-value upside, at 26%, NEO screens cheaper than that median.

Fair Value models

Bear 20.72 THB Fair Value 29.60 THB Bull 38.47 THB
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
Residual Income 14.08 THB 15.31 THB 17.32 THB 76
EPV 8.27 THB 10.01 THB 11.42 THB 74
ROIC Compounder 8.27 THB 10.01 THB 11.42 THB 72
All 16 models by family
Earnings-Based
Graham-Dodd 12.73 THB 46.10 THB 62.17 THB 64
Lynch FV 10.93 THB 15.62 THB 20.30 THB 61
PEG = 1.0 10.93 THB 15.62 THB 20.30 THB 57
EPV 8.27 THB 10.01 THB 11.42 THB 74
Dividend Discount
Gordon GGM 9.40 THB 15.75 THB 20.44 THB 68
DDM Multi-Stage 9.40 THB 14.94 THB 16.94 THB 67
Multiples
P/E Multiple 29.49 THB 39.32 THB 49.15 THB 63
P/S Multiple 23.87 THB 31.83 THB 39.79 THB 58
P/B Multiple 23.87 THB 31.83 THB 39.79 THB 55
EV/EBIT 25.88 THB 36.58 THB 47.29 THB 65
EV/EBITDA 33.92 THB 47.31 THB 60.69 THB 67
EV/Revenue 16.69 THB 26.51 THB 36.33 THB 53
Asset-Based
NCAV (Graham) 8.60 THB 11.52 THB 17.19 THB 54
Economic Profit
Residual Income 14.08 THB 15.31 THB 17.32 THB 76
ROIC Compounder 8.27 THB 10.01 THB 11.42 THB 72
Growth Earnings
Growth-Adj P/E 20.72 THB 29.60 THB 38.47 THB 67

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Quality Score breakdown

Overall quality 29/100

Of which business quality 33 · Market factors (momentum, volatility) 75

Profitability 49
Margins and returns on capital today
Quality Growth 20
Are margins and returns improving?
Cashflow 20
Earnings quality: real cash, not paper profit
Fin. Strength 49
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 87
Calm price path (market factor)
Momentum 70
Price trend over the last 3–12 months (market factor)
52W Momentum 68
Distance to the 52-week high (market factor)
Net Issuance 46
Share count: buybacks or dilution?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 42/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+6.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.7%
Start year 2020 (pandemic)
Revenue growth 6 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.7%
What shareholders gained per year (last 5 years), in THB ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in THB: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+4.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.2%
Dividend (yield on the price)5.7%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.12% → 7%

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Household & Personal Products · 250 stocks

Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 29 · Bottom 25%
Fair Value upside +26% · Above median
Profitability
Return on equity (TTM) 8% · Above median
Return on assets 3% · Below median
Net margin (TTM) 4% · Below median
Operating margin (TTM) 5% · Below median
Growth and dividend
Revenue growth 6% · Above median
Dividend yield (TTM) 5.7% · Top 25%
Balance sheet
Debt / equity 0.39× · Highest 25%

Valuation Multiplesvs Household & Personal Products median · lower = cheaper

P/E (TTM) 17.5× · Pricier than median
P/B 1.37× · Cheaper than median
P/S (TTM) 0.64× · Cheaper than median
EV/EBITDA 8.2× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)68 · sector 33
FUTURE (revenue growth)31 · sector 9
PAST (return on equity)31 · sector 28
HEALTH (low debt)81 · sector 98
DIVIDEND (yield)100 · sector 55

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Household & Personal Products stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
The Procter & Gamble Company PG $148.22 $110.45 −25%
Colgate-Palmolive Company CL $87.05 $55.95 −36%
Hindustan Unilever Limited HINDUNILVR ₹1,950 ₹775.25 −60%
Kenvue Inc KVUE $17.86 $12.73 −29%
Kimberly-Clark Corporation KMB $98.91 $83.93 −15%
Henkel AG HEN €69.30 €80.96 +17%
The Estée Lauder Companies Inc EL $100.29 $27.22 −73%
Church & Dwight Co CHD $96.12 $65.12 −32%
Beiersdorf Aktiengesellschaft, BEI €76.46 €68.95 −10%
Puig Brands, S.A PUIG €17.56 €19.32 +10%

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Cite: Fair Value Calculator (2026). "Neo Corporate Pcl Fair Value". https://www.fairvalue-calculator.com/stock/NEO

Frequently asked questions

Is Neo Corporate Pcl (NEO) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 29.60 THB versus a price of 23.50 THB, about +26% upside (undervalued).
What is the fair value of NEO?
Our model-based fair value for Neo Corporate Pcl is 29.60 THB (as of Sep 24, 2026), built from audited fundamentals. The current price: 23.50 THB.
What is the quality score of NEO?
Neo Corporate Pcl has a Quality Score of 29/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Neo Corporate Pcl (NEO)?
Our model-based price target is the fair value of 29.60 THB (as of Sep 24, 2026) from 16 valuation models. Cautious scenario 20.72 THB, optimistic scenario 38.47 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Neo Corporate Pcl stock forecast for 2026?
Our models put fair value at 29.60 THB, about +26% upside versus a price of 23.50 THB (undervalued). Cautious scenario 20.72 THB, optimistic scenario 38.47 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Neo Corporate Pcl (NEO)?
Neo Corporate Pcl reported trailing-twelve-month revenue of about 11.0B THB (latest available figure, as of Sep 24, 2026).
Does Neo Corporate Pcl pay a dividend?
Neo Corporate Pcl currently shows a dividend yield of about 5.74% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Neo Corporate Pcl (NEO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Neo Corporate Pcl it is 29.60 THB per share (as of Sep 24, 2026), against a price of 23.50 THB. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Neo Corporate Pcl stock overvalued or undervalued in 2026?
As of Sep 24, 2026, NEO trades below its calculated fair value: price 23.50 THB, fair value 29.60 THB, a gap of about +26% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of NEO?
No. The price is what the market pays today (23.50 THB); the fair value is what the company's own numbers justify (29.60 THB). For Neo Corporate Pcl the two are 6.10 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Neo Corporate Pcl worth?
The market values Neo Corporate Pcl at about 7.1B THB (market capitalisation, as of Sep 24, 2026). Per share that is 23.50 THB; our models calculate a fair value of 29.60 THB per share.
What do the bullish and bearish scenarios say about NEO?
Our models span a range for Neo Corporate Pcl: cautious scenario 20.72 THB, base 29.60 THB, optimistic 38.47 THB per share (as of Sep 24, 2026, price 23.50 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NEO?
Neo Corporate Pcl trades at a price-to-earnings ratio of 17.5 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 29.60 THB is built from several models across several years. Other multiples: P/B 1.4, P/S 0.6, EV/EBITDA 8.2.
How solid is the balance sheet of Neo Corporate Pcl (NEO)?
Balance-sheet figures for Neo Corporate Pcl (as of Sep 24, 2026): return on equity 7.7%, debt of 0.39 per unit of equity. They feed the Quality Score of 29/100, which measures business quality independently of the share price.
How far is NEO from its 52-week high?
Neo Corporate Pcl trades at 23.50 THB, about 4% below its 52-week high of 24.50 THB and 54% above the low of 15.25 THB (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 29.60 THB is for.
Which stocks are comparable to Neo Corporate Pcl?
From the same area (Consumer Defensive) we also value The Procter & Gamble Company, Colgate-Palmolive Company, Hindustan Unilever Limited, Kenvue Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Neo Corporate Pcl stock attractive at the current price?
The data as of Sep 24, 2026: price 23.50 THB, calculated fair value 29.60 THB (+26%), Quality Score 29/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of NEO calculated?
We run Neo Corporate Pcl through 16 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 29.60 THB, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. Neo Corporate Pcl currently trades 26 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Neo Corporate Pcl (NEO)?
The closing price on Sep 23, 2026 was 23.50 THB. Our model-based fair value is 29.60 THB, about +26% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Neo Corporate Pcl right now?
A fairly wide model range (20.72 THB to 38.47 THB) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Neo Corporate Pcl

How large is the market capitalisation of Neo Corporate Pcl (NEO)?
The market capitalisation of Neo Corporate Pcl is 7.1B THB (≈ $212M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Neo Corporate Pcl (NEO)?
The price-to-sales ratio of Neo Corporate Pcl is 0.92 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Neo Corporate Pcl (NEO)?
Earnings per share at Neo Corporate Pcl are 1.34 THB (price ÷ EPS = P/E 17.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Neo Corporate Pcl (NEO)?
The dividend yield of Neo Corporate Pcl is 5.7% (payout 101%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Neo Corporate Pcl (NEO)?
The net margin of Neo Corporate Pcl is 5.2% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Neo Corporate Pcl (NEO)?
The return on equity (ROE) of Neo Corporate Pcl is 7.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Neo Corporate Pcl (NEO)?
On an EBIT basis the return on assets of Neo Corporate Pcl is 12.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Neo Corporate Pcl (NEO)?
The operating margin of Neo Corporate Pcl is 5.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Neo Corporate Pcl (NEO)?
Revenue at Neo Corporate Pcl is growing +6.1% versus a year earlier (3y avg +9.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Neo Corporate Pcl (NEO)?
Earnings per share at Neo Corporate Pcl are growing −62.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Neo Corporate Pcl (NEO) generate?
The free cash flow of Neo Corporate Pcl is −1.6B THB (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Neo Corporate Pcl (NEO) carry?
The net debt of Neo Corporate Pcl is 2.7B THB (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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